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in style. he was aboard air force one as president obama returned to the white house. what a welcome. he will serve in the senate until the election is held in 2014. and the president is returning to washington as the treasury secretary warns the country is not in a good place when it comes to the national debt. timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make
have breaking news from the white house where president obama is talking about the fiscal cliff after a meeting with congressional leaders. let's listen in. >> also ask lobbyist americans to pay a little more. above all, protect our middle class and everyone who is striving to get into the middle class. i want to still get this down. the right thing to do for our families, our businesses, and for our entire economy. but, the hour for immediate action is here. it's now. we're now at the point where, in just four days, every american's tax rates are scheduled to go up by law every american's paycheck will get considerably smaller. and that would be the wrong thing to do. for the economy, would be -- it would be bad for middle-class families and for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i am optimistic we may still be able to reach an agreement that can
than $100 billion in required spending cuts would also kick in if there's no deal. at the white house, major garrett says the obama administration is getting ready for those across the board cuts. major, what exactly is the white house doing to prepare? >> reporter: good morning, norah and anthony. the obama administration is in the final stages of delivering layoff notices it will deliver to federal agencies across the government, this to comply with across the board spending cuts 6% to 7% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much
for political careers speegsly in the campaign for the white house. president obama remained unopposed and was a shoe in. plans for recovery made the 44th president vulnerable. >> the president's policies have clearly not been successful in reigniting the economy putting people back to work. >> his party's nomination was not as easy as former massachusetts governor mitt romney. he declares winner of the iowa caucuses he had to share the win with rick santorum. he went on to win the victory in key primary states becoming the nominee he emerged bruised. >> i don't see how a massachusetts liberal is going to do better. >> he is the worth republican in the country to put up against barack obama. >> romney's campaign saw their roles up and downs and confident and in demand. romney knew he gained with a president's shaky performance. >> it sets the tone and can have the most impact. this is a theory. >> he ultimately won reelection. >> the best is yet to come. >> 2012 also marked a milestone implementation of president owe bhaum's healthcare law. >> in a 5-4 division the individual dmant is
pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter barnes believes the president will announce a deal. we will bring you his comments live. it is an early close on the trading day. sandra smith is in the pits where traders are watching every development in washington. she joins us now with today's trade and how commodities are faring. sandra: we just had financial commodities close for the day. the treasury pits just closed minutes ago. it was an interesting close to watch. as you put up the board, treasuries saw their first loss in four trading days. another sign that these markets are predicting some sort of deal to get down by the end of the day. we are not seeing investors slinging. the yield on the ten year was the lowest close on record. certainly a big sign coming from those markets. they closed at the top of the hour. the dow, s&p and nasdaq futures closing here in chicago. just moments away from that. the electronic trading of all of these products will con
. a bleak tone from some in congress sunday on reaching a deal with the white house to avoid the fiscal cliff. president obama and congress are on christmas vacation. it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th. and last week they forecasted holiday spending to decrease another 2-point- 5 percent. previous expectations were for a 3-point-3 percent increase in spending. the saint anthony foundation needs help to reach its goal of collecting 5-hundred hams during the 25th annual curbside donation drive. according to the foundation, they collected a hundred hams. that's just 20-percent of their goal. the foundation hoped to get another 400 hams sunday and today. if you would like to donate a ham yo
tonight. a white house christmas. president barack obama and first lady michelle obama sit down with our own barbara walters for their first interview together since the election. we take you inside the first family's holiday tradition coming up on nightline right after abc2 news at 11:00. c1 >> you're watching the station that works for you. abc2 news, baltimore. >> if you don't like someone, go ahead and give them this flower. flour fan attics are going to see the corpse flower. >> it smells like a rotting corpse. >> i think it's appropriate actually. i think it needs something more. >> it sounds lovely. they only bloom a couple of day in their six year life. this one received full bloom christmas. but tomorrow, it will be dead. >> it smells dead already. >>> many people try online dateing to find a special someone. and an 81-year-old man is going for a more direct way. sandy is wearing a sign around his neck that says he wants a wife. he was married many times. he says he changed his ways and wants someone he can spend the rest of his life with. but there are some nonane yore bls. >>
michelle obama shows the children the white house holiday decorations. >> the time i was 9 years old, i was handing out leaflets for robert kennedy and when i was 10, made a big decision and broke with the democratic party and went to work for john lindsay who was running for mayor of new york but i would not work for him as a republican. i went down to the liberal party. i was handing out leaflets on a street corner in new york and some woman thought this was really cute, this little boy handing out leaflets and she asked me why and i made the case for john lindsay and got an early start of my political consulting career and made the case against his opponent as well. she said that as of june and she gave me a box of what looked to be pastry, a white box with a string. i took a back to the liberal party headquarters and we opened it up and there was all these donuts and take what of $10 bills. one of my early lessons in politics, the district leader grab the money and said you can keep the donuts. >> tonight at 8:00, david axelrod on his life in journalism and politics. that is followe
president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is saying the senate needs to just take up a house pass bill that has already passed the house that would extend rates for all americans to either take it up in whole rf to amend it. the senate would take up that bill, amend it. if we do go over the cliff there is this possibility and all sides are preparing for this that there would be a lot of pressure in the days following from the markets, from c
of congress will meet with president obama at the white house. it could be the last shot to avoid going over the so-called fiscal cliff. but is the meeting just for show or could we really truly be close to a deal? doug is live in washington with more details, what are we in for? >> to be a fly on the wall in this meeting. these are the players that will be there today. the president with congressional leaders from both parties to see if they can get something done. it may be substantive, it may be window dressing. >> any time you announce a meeting publicly in washington, it's usually for political theater purposes. nothing good ever comes from it. there is one thing you have to do in politics. if the president meets with a foreign leader, you want to make sure you know what's going to happen at the meeting. when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. my bet is all political theater. >> kelly: well, we will see. >> congress thee receipticcally could get something done. we saw the congress work yesterday. the house is g
,000 people signed an online petition on the white house website asking the obama administration to recognize the westboro baptist church as a heat group. the signatures makes it the most supported single petition ever on the white house site. the church is primarily made up of members from one family. >>> parking is about to get a lot more expensive in one u.s. city. >> yeah, you're going to find out where it's going to cost you much more to cost for just one hour of parking in 2013. >> all right also ahead this morning, we have heard it before. be careful what you post online because it could come back to haunt you. and now one local college wants to make sure that their students have tasteful online profiles. we're going to tell you what they're doing to help their graduates get ready. >> and good morning, aisle mike masco. this is the abc2 app and again you can get this on the itunes store and the google play store. we have storm shield also and our interactive radar on this is showing a snowstorm possibly by the weekend. we'll talk about that coming up after this. >>> 6:38. thank you for
interesting than some white-haired old dude. it did represent fictionally what barack obama represented factually. the best of what america could be. having only emancipated slaves 100 and something years before could put as its chief executive of black man. it was better drama. >> it was a very deliberate choice. it was a story telling choice. >> it was a more interesting choice. >> trying to create stakes. the assassination would be a national catastrophe. the first african american with a chance for the white house. that is where the choice came from. >> last question. yes? >> [inaudible] i want to circle back about what you said about the saudi ambassador. you've already discussed with you think about. what control does you have over the show's going there and being translated, and maybe not the dialogue that you intended? how does that work? according to him, this is a huge influence in how we are viewed. >> it is a distribution -- what control do we have in terms of distribution? >> [inaudible] >> she is asking an artistic question. >> i sent fox has some monitoring. >> that is no
and at the white house between the speaker and president obama. they got to the edge and almost had a handshake deal and did not end up falling through. a similar situation this time, a lot of. closed door of a lot of party leaders feel it's impossible to have conversations in the open in negotiations because they would just get the blowback immediately from different interest groups. there's also a lot of lawmakers in both parties that children need to be more transparency so the public can know with their elected officials are doing. host: damien is joining us on the republican line from louisville, ky. caller: good morning. host: i want to ask you about the republican leader from your own state, mitch mcconnell, and his role in these negotiations. how is he doing as a republican? caller: is doing pretty good. host: go ahead with your comment. caller: i really don't see much on the fiscal cliff. if they make a deal, either way they go, it will hurt. by the time 2014 gets here and when obamacare kicks in, it will cost me so much that i will have to quit work. it will be worth more for me to be
outside at the white house, where lawmakers will sit down with president obama today before a rare weekend session. >> later, while the redskins get ready for dallas, we'll sit down with author mike richmond for a closer look at what some call the greatest rivalry in the nfl. good morning, i'm tony perkins. >> i'm wisdom martin in for allison. >> mostly cloudy to start the day. in the 30s. no travel concerns today. no weather to speak of today. less wind than yesterday, so that will be nice. the next snow event, and it will be a small sized one, small to medium sized one, will be early tomorrow. during the day saturday. >> okay. >> that's the first thing you need to know. 37 now in washington. 15 in detroit. it's cold. much of the area at or below freezing. 31 in new york city. 29 in boston. let's look at the satellite radar together. a lot of clouds in the forecast. you can see into west virginia and all the clouds out there. partly to mostly cloudy this afternoon. might get a little sunshine. should feel a little better than yesterday, because winds won't be blowing like yesterday. highs
what it is. >>> now to the white house where president obama is stepping up pressure on lawmakers to come up with a deal and placing became for file you're to do so squarely on republicans. ed henry is live in the white house. >> good to see you, if you think it's frustrating straight for you and i, think about the president. he's watching and waiting like the rest of us, getting updates from his staff but the ball's in the senate's court so there's not too much the president can do. he's been through hours of negotiations with speaker boehner and it's largely up to senator reid and mcconnell to go back and for the with the offers and counter-offers. the president's view is if that bipartisan effort fails he wants an up and down vote in the house in the senate late today, early tomorrow on his plan a fallback, extend unemployment benefits for 2 million people and set the threshold for tax cuts at $250,000 a year or less. president on "meet the press" today suggests if the republicans don't acts, it's their fall. >> over the next 48 hours my hope is people recognize regardless of p
administration that got us all together. that is why barack obama earned the white house because he was going to be the great uniter. remember that inaugural address where he said to conservatives, i want to listen to you, especially when we disagree. he was going to meet with conservatives in congress want to wreak. he met twice. so three days after that beautiful speech, the conservatives in congress came to the white house and had a meeting and eric cantor, congressman from virginia articulated the conservative perspective on increasing taxes, that we shouldn't do that. you know what obama said three days after a point to listen to you, especially when they disagree? he said i want come at you last time i trump on that. a week later he said i want the folks who got us in this mess to do a whole lot less talking and a lot more listening. you can talk a little bit, but i want you to stand beside mine while we clean this up for you. unbelievable, condescending notion of unifying the country and bringing us together. instead, there came the steady mantra of attack and vilify the other side. no
's the problem. president obama meeting with the leaders at the white house. misreporting going on that the president had a new deal, looked like progress was made. no. the president had the same deal that republicans walked away from about a week ago, if you call it a deal, the deal is that he won't tax people higher above the 400,000 mark. shibani: the meeting still going on, rich edson live at the white house with the latest details. what do we know now, rich? >> what we got from an administration official, that president obama offered what he detailed in the speech a week ago keeping tax rates where they are for families earning less than $250,000 a year, extending long term unemployment insurance policy, and that bit of detail he gave a week ago in a speech is basically derived from the larger deficit proposal offered over, really, the last couple years as president of the united states. we're waiting whether or not in the meeting, lasting an hour at the white house, started at 3:10, is whether or not they made progress towards changing that proposal in a fashion to pass th
decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is so
of the late president in the oval office. >> michele obama and to white house chefs recently held a demonstration of holiday crafts with children in the state dining room. >> will also have different ornaments made by artists in chicago. and all of the other ornaments on the tree here have been from previous years. them in areuse different format. the rest of the ornaments came from other trees in the white house. 60% of the ornaments are recycled from previous years. pardon me? >> [inaudible] >> all trees in the house. [inaudible conversations] ♪ [inaudible conversations] >> that is super cute. it would you think? you'll be able to take some of these, and put them on your tree. or the window. what do you think? you take a red and and you string it through. you put it through. can you do that. twist the upper, have you threaded the needle before? >> be want to make above? >> hi ed, make and not at the end because you can make get along or you can make it short. the want to try it? i like your timing issue. crossover and then make another knot. >> that looks perfect. >> there you
of the united states and the senate were in washington. president obama arrived back at the white house this morning. the president will host a meeting tomorrow afternoon with senate majority leader reid, senate minority leader mcconnell, speaker boehner, and leader pelosi at the white house. senate majority leader harry reid took to the senate floor this morning to, shall we say, let boehner have it. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll have -- they'll give them 48 hours' notice. the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> lo and behold, the markets started to tank, in part on fears of reid's warning that it looked like we were going over the cliff. within an
are working with the white house. plus, what it all means for your paycheck as higher payroll taxes are only days away unless congress acts. one step forward, two steps back. president obama and republican lawmakers have been dancing that waltz for six weeks now, but the music stops when the countdown clock at the bottom of your screen runs out. so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the
blame on the state department's security procedures. president obama acknowledged lapsed that the white house would take immediate steps to resolve. he rejected criticism that he would let his u.n. ambassador twisting in the wind, susan rice, instead of training fire on republicans. >> information a politically motivated attack on her. she probably had the least to do with the attack on benghazi. why she was targeted individually for the kind of attacks that she was subjected to is -- it was puzzling to me. >> the process also seems to be playing out with one of obama's top picks to lead the pentagon. the president was quick to praise republican former nebraska senator chuck hagel, but was just as quick to say he hadn't made up his mind. >> i haven't made a decision about who to nominate. >> anything disqualify him? >> not that i see. i have serbed with chuck hagel. he know him. is he somebody who served this country is w veil valor. >> he ran into stubborn resistance over the weekend from senate republicans like lynndie graham and tomko burn. >> there would be little republican support
of the obama administration. she tangled with congress and even the white house itself, particularly on global warming issues. >>> the other big story tonight, a deadly storm continues to wreak havoc in the northeast this hour. and before it's even over, another storm is already forming with now 65% of the country still covered in snow. the weather channel's eric fisher is in lewiston, maine. good evening to you, eric. >> good evening, natalie. 16 people have been killed by this latest winter storm that brought everything from tornadoes to coastal flooding, hurricane-force wind gusts and nearly 2 feet of snow. certainly has brought plenty of misery for people from texas to maine. today a massive storm moved north, dumping more than a foot of snow in parts of new england. it's been a record-breaking system as it moved across the country. >> look at that tornado. >> spawning a reported 26 tornadoes across the south. and flooding along the already hard-hit east coast. the results? a travel nightmare for millions. >> we circled for over an hour before we landed, yeah. pretty rough flight coming in
president obama's own announcement to a few days after. the rollout wasn't what the white house wanted but something they'd been thinking about for a long time. the immigration issue, presidents who face opposition in congress often resort to executive actions. obama even had a program for it called "we can't wait." the most famous "we can't wait" provision was on immigration, where he basically stopped the deportation on young hispanic people brought her as immigrants as children. that's, as you know, the fastest-growing voting population in the country. >> and quite possibly could have delivered him the state of florida. let's talk about some other interesting issues, highs and lows of the campaign, that happened within a month of each other, the first would be a low, that first debate, a lot of folks thought mitt romney was tipping the scales after that night in denver. >> well, astonishing, several things were going on there, i don't think president obama likes these debates. i don't think he really respected governor romney at that point, probably thought he might have been a bit
now over to you. >>> bleak tone from some in congress on reaching a deal with white house to avoid the fiscal cliff. with one week to go president obama and congress are on christmas vacation. it will be thursday before talks resume to prevent automatic tax hikes and spending cuts taking effect january 1st. on friday, speaker boehner and the president left town with no deal each making a parting pitch. >> we have asked leaders of congress to work towards a package preventing a tax hike on middle class americans protects unemployment insurance for two million americans, and lace the ground work for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be red ink as far as the eye can see. and it would hurt jobs. >> if congress fails to reach any agreement in con-- income tax rates will go up on about everybody on january 1st. unemployment benefits will expire for many as well. >>> the u.s. senator arrested for driving under the influence says he is "deeply sorry" for what happened. police say that michael crapo was pulled over earl
. and with your stories and your struggles, i return to the white house more determined and more inspired than ever about the work there is to do and the future that lies ahead. >> that's president obama delivering his victory speech on election night. in the end the race wasn't even close. maybe mitt romney didn't even have a chance. his fellow gop contenders feasted on one of their own during the primaries. is it the american way that if somebody gives you a smack on the nose, you eventually have to smack them back? isn't it time now for you to accept that this negativity has pounded you into a position where much as you would like to keep it positive, isn't it time you got the old gingrich fist out and give romney a good ol' smack? >> harry truman in his great reelection campaign that gallup quit taking polls in mid september went after duey and the crowd would yell out "give 'em hell, harry" and he would yell back, "no, i just give them the truth and it hurts like hell." i think governor romney has done so many things that are indefensible in a republican primary -- it would be okay in a d
today to reach a deal to keep the country from plunging off the fiscal cliff. president obama hosting that meeting this afternoon at the white house. it will be the first time that he's met with congressional leaders since november 16th. they have just four days now to come to an agreement. democrats and republicans say that means a possible deal will likely extend tax cuts to middle class americans and postpone spending cuts scheduled to take effect. that means the contentious issue will likely be debated sometime in the future. >>> house lawmakers are preparing for an 11th hour deal. they're returning to washington for a rare sunday evening session. it's not clear what the house will do. house speaker john boehner still insists it's up to the senate to make the next move. >>> iran's state television is reporting the country's navy started training drills in the strait of hormuz. iran is reportedly warned other ships to stay away from the site until after the new year. the state tv report says it includes warships, submarines and jet fighters. other countries are worried these tests
, president obama and the top lawmakers meet today at the white house on the fiscal cliff. any compromise is expected to include an extension of the middle class tax cuts with increased rates at upper incomes. spending cuts could also be canceled. ahead of those talks, plenty of blame is being spread around already. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> hopefully there's time for an agreement of some kind. >> speaker john boehner called the house back into session for a highly unusual sunday evening session just in case. >>> an unexpected consequence of the fiscal cliff stalemate could mean sticker shock at your grocery store. milk prices could soon spike to $8 a gallon. wow. congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $
obama is in the christmas spirit. the white house just released this picture of the first lady answering calls from children who called norad santa tracker control center to ask about old saint nick's big trip around the globe. mrs. obama watched the progress along with children nationwide last night. with the obama family home for the holidays in hawaii we couldn't help but wish everybody a hawaiian merry christmas h morning. ♪ here we know christmas is green and bright ♪ ♪ sunshines by day and all the stars at night ♪ >> you know what's next, don't you? i this movie. >>> brianna is in hawaii right now traveling with the obama family. so merry christmas, brianna. what are the obamas doing today, i wonder. >> to you as well, carol. there's nothing on the president's public schedule so we don't know exactly what they're doing but presumably they're doing what most -- many americans will be doing on this christmas. still very early, of course, here on a oahu. it's about 4:00 a.m. local time. they will be presumably, waking up in the home that they're renting about 45 minutes from w
there's a lot to be done to improve legislative affairs at the white house and would ultimately help president obama. >> and said about that, but mcconnell is still is late, he could have imposed himself, and not the way he does it. here is the fundamental problem. leaving aside the policy issue which i know is important to you all. if i get down to politics on bumper stickers, you're holding all of this up, including people's tax cuts it defend millionaires, that's all we have to say. >> and the democrats all agree that the bush tax cuts were the-- were good for the economy. that's had an amazing concussion that you're making-- >> and you're making -- let me finish here. the argument you sit here and the public ser receives you to be defending rich people against everybody else. >> you're making an argument w cliff, we're returning to clinton tax rates and basically what the democrats are saying, no, no, they weren't good enough we actually like the bush tax cuts and we want to keep some. >> what's going to happen wednesday. >> i want to get kimberly in here. the president i think
conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants to tweak exactly who counts as being in the middle class. maybe even raising the income threshold and the white house is apparently willing to go as high as 4 or $500,000 a year. plan c would expand unemployment benefits for the 2 million people set to lose them at the end of this year. it would include a small amount of spending cuts but would not touch entitlements like medicare and not deal with the debt limit right now. >> i am modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy are aren't adversely affected because people can't do their jobs. >> and today lawmakers are in staff level m
from the white house. three days to go. president obama asked the senate leaders to try to make a deal. we'll get more on all of it from washington next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> welcome back to "the kudlow report." i'm michelle caruso-cabrera in for larry kudlow. we continue to wait for a fiscal deal. president obama has punted the decision to the senate asking them to come up with a deal. the markets don't like it. they sold off today during the after-hours session and stocks are getting hammered. we haven't seen anything from president obama on the deteri
negotiations in washington. we will show you remarks from president obama at the white house and senate majority leader harry reid and mitch mcconnell on the senate floor. first, an update on where negotiations stand after the meeting between president and congressional leaders at the white house. >> steven dennis joins us from the role call as a white house reporter. stephen, how did the meeting between the president and congressional leaders go? >> i think it was a meeting where they may be set the framework for getting a short- term deal to avert tax increases for most americans, extend unemployment benefits, and maybe take care of a few other small things. at this point, it is a race against the clock and it is up to harry reid and mitch mcconnell and the senate to see if they can have a bipartisan compromise. the president said if he cannot come up with something in the next couple days, he wants harry reid to bring a bill to the floor that would do with the president wants to do, which is tax increases, extend unemployment benefits, etcetera, at least get a vote on it. harry reid
are in control. they have the white house too with president obama. how are they reacting to this? >> on the capitol hill the reaction has been less than enthusiastic especially from democrats. here is more. >> well, i think is he so extreme and so tone deaf that he actually helps the cause of us passing sensible gun legislation in the congress. we have 130,000 elementary and secondary schools in this country. if had you two officers in each that would cost $25 billion. where is that money going to come from. california democratic senator dianne feinstein who is expected to introduce gun control legislation in january called the nra idea a quote distraction. jamie? job and family jail-time what about republicans. >> one senator suggests that the federal government should not be the ones helping to set up armed guards in schools program. take lafn. >> i would not want a national earth to say you have to do this at schools. i think local education decisions are best made at the local level. >> senator who says is he a quote strong supporter of second amendment rights maintains that
will have everybody yunited against the white house and congress but i believe that obama still has an upper hand here because he has shown in a sense -- i mean, one, he's more ability to help forge a deal. the republicans can't make up for the loss they have had in public perception over this tax and spending issue. it's too hard, too far to go. too much resistance from within their own ranks. >> talking about plan "b" and being the epic failure of not being sent to the floor for votes, does that take in to question whether or not john boehner could get anything done if over in the senate mitch mcconnell and harry reid craft something? >> no. it does raise the question. that was a blunder by republicans and boehner and obama were moving closer and boehner went and gambled and lost and now the pressure's on the senate. i think anyone that could pass the senate probably could pass the house because if it passes the senate, it's 10 to 20 republican senators. mitch mcconnell, up for re-election. will he craft a deal with harry reid? that's dicey. whatever bill is passed, may not be that popular
so much for your time. >> absolutely. >> here are president obama's remarks from the white house earlier today. afterwards, we will hear from senators reid and mcconnell from the senate floor. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> good afternoon, everybody. for the past couple of months, i have been working with leaders of both parties to try to forge an agreement that would grow our economy and shrink the deficit, a balanced plan that would cut spending in a responsible way but also ask wealthy americans to pay more and protect our middle-class and everyone striving to get into the middle class. i want to get this done. it is the right thing to do for our families, businesses, and our economy, but the hour for immediate action is here. it is now. we are at the point where in four days every american's tax rates are scheduled to go up by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, it would be bad for middle-class families, and it wo
tone from some in congress sunday on reaching a deal with the white house to avoid the fiscal cliff. president obama and congress are on christmas vacation. it will be thursday before talks will resume to try to prevent automatic tax hikes and spending cuts from taking effect january 1st. andrew spencer has the latest. >> this is the first time that i feel that it is more likely that will go over the cliff that not. if we allow this to happen it will be the most colossal consequence so act congressionally. this will be very irresponsible. >> president obama stated that he will cut his vacation short to try to handle this. the deadline is just a week away. >> a programming reminder to catch dr. phil right after the kron4 morning news at 10:00 a.m.. we will be right back. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this butto
, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been given the task of negotiating have continued their conversations looking for ways to try to bring a deal together. while the elected officials know they need to be more visible. >> mr. speaker, we ought to be here working, addressing these challenges. >> reporter: under pressure to show up, even if there is no deal to consider, congress will work this holiday weekend. the deadline is so close, outgoing members have already packed up their offices and need to move out while the harsh tone is going nowhere. >> the american people, i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship o
. president obama has called the top congressional leaders to the white house this afternoon, for the first talks in more on a month. but hope for a new deal is fading. the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling us, snow is falling across the upper midwest and will be moving into the northeast tomorrow. meantime, the recovery from the last storm is just beginning. 135,000 homes and businesses still without power in arkansas alone. many of them could be in the dark through next week. >>> and this morning, russian president vladimir putin has signed a highly controversial bill which bans americans from adopting russian children. dozens of pending adoptions now frozen, even cases where children -- this is heartbreaking -- were just days away from moving to the united states. russia banned the adoptions in retaliation for a new u.s. law tha
the airport with the latest delays. >> clayton: itinerary change for president obama. he's cutting his hawaii vacation north. later he'll head back to the white house to work on a deal to avoid the fiscal cliff. peter doocy live in washington with more on the last-minute deal making. hey, peter. >> hey. president obama is still going to be able to squeeze in one more day of vacation in hawaii before he leaves his wife and daughters hyped and boards air force one for dc at about 10:00 p.m. in honolulu, 3:00 a.m. eastern time. that should get him back to the white house sometime tomorrow, thursday morning, on the back end of a break he says he hopes will get lawmakers on the same page. >> everybody can co- opt, drink egg nog, have christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i'd ask every member of congress, while they're back home, to think about that. think about the obligations we have to the people who sent us here. >> speaker of the house, john boehner, is expected to come back to washington at any time as well. before he went back to ohio and pre
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